Author: WTX Business Team

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Beckham scores Euros deal with China tech giant David Beckham has signed an agreement to serve as a global ambassador for AliExpress, an online retail platform owned by Chinese technology conglomerate Alibaba. The announcement coincides with the upcoming UEFA Euro 2024 football tournament, set to start in Germany next month. The financial details of Beckham’s deal were not disclosed by the company. In March, AliExpress secured an exclusive e-commerce partnership with UEFA, the governing body of European football. As part of this collaboration, Beckham will headline AliExpress’ Score More promotion during the tournament. “AliExpress is helping fans get even closer…

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Sunak makes faltering election start after Rwanda and smoking setbacks The prime minister cannot introduce signature policies on asylum and smoking before July 4 Summary Rishi Sunak encountered several challenges on the first full day of the general election campaign. He had to acknowledge that he could not implement key policies on asylum and smoking before the July 4 polling day. On Thursday, the Prime Minister conceded that deportations of asylum seekers to Rwanda, a policy proposed by the Tories over two years ago, would only happen if he wins the election. Sunak emphasised, “The election is about the future.…

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National Grid taps shareholders to help fund £60bn low-carbon energy switch Infrastructure firm raises £6.8bn to connect homes to renewable energy sources across US and UK National Grid has tapped shareholders for nearly £7bn to fund a £60bn spending spree to upgrade its networks to cope with the switch to low-carbon energy on either side of the Atlantic. The energy infrastructure company announced a £6.8bn rights issue – where existing shareholders are offered new shares – to provide fresh funds for investment in thousands of miles of cables to connect homes with renewable energy projects in the UK and the…

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The U.S. government’s auto safety agency is taking a closer look at Tesla’s Autopilot driving system following a recall last year. The National Highway Traffic Safety Administration (NHTSA) is investigating whether the measures taken by Tesla were sufficient to ensure that drivers remain attentive while using the advanced technology. The recall, which was issued in October 2023, involved a software update that was designed to improve the system’s ability to detect and respond to potential hazards on the road. However, concerns have been raised about whether the update was effective in preventing accidents caused by driver inattention. Tesla’s autopilot system…

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X – aka Twitter – goes down for thousands of users across the UK Social media platform X, formerly known as Twitter, suffered a widespread outage this afternoon, with users in the UK and US unable to load posts. Reports of an outage started at 2.30pm BST, mainly affecting the browser version rather than the app according to reports on Down Detector, with the ‘For You’ feed appearing to be causing most issues. Somewhat ironically, many users took to the platform to ask others if X was down as the issue spread. One user, who goes by Pizza Dad, asked:…

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Mercedes Unveils Fastest Accelerating AMG Model Yet: The GT 63 S Coupe Mercedes has just revealed the highly anticipated GT 63 S Coupe, which is set to be the fastest accelerating AMG series model to date. This powerhouse of a car is equipped with a 4.0-litre biturbo engine paired with an electric motor, producing an impressive 804bhp and 1,420Nm of torque. With a 0-60mph time of just 2.6 seconds and a top speed of 198mph, the GT 63 S Coupe is sure to turn heads on the road. The electric motor, located at the rear axle, adds an extra 201bhp…

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Adidas has announced it is set to make profits of €700m (£598m) in 2024. The announcement comes after the German sportswear giant’s messy situation with Kanye West and his Yeezy shoes. In February, Adidas announced it would sell its remaining Yeezy trainers from its partnership with West for at least cost price. 

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After 20 years of providing discount shoppers with a treasure trove of bargains, Bargains in a Box is closing its doors for good. The retailer, known for selling everything from toothpaste to electronics out of large cardboard bins, will be shutting down its last store this Sunday. The decision to close Bargains in a Box comes from the family-owned parent company, The Bazaar Inc., which plans to focus on its wholesale overstock business. CEO Bradley Nardick, the grandson of founder Norman Nardick, expressed gratitude for the community support over the years but acknowledged the need to evolve. The closure follows…

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UK economy: No overall improvement for business in Q1 The UK’s economy hasn’t gotten better for businesses in the first part of this year. A recent survey by the British Chamber of Commerce found that things like investments, sales, and cash flow didn’t really improve. Even though some companies expected their sales and profits to go up in the next year, overall, business conditions stayed the same. Many businesses, especially smaller ones, didn’t invest much in the past year, which is worrying because it could mean the economy isn’t growing much. A lot of companies are worried about prices going…

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Disney+ plans Netflix-style password sharing crackdown Disney+ is preparing to follow in the footsteps of its streaming rival Netflix and will begin cracking down on password sharing from June. CEO Bob Iger made the pledge on Thursday, as the entertainment conglomerate looks to boost subscriber growth and make the business profitable. Netflix made the move last year and added almost 22 million subscribers in the second half of 2023. However, it is bad news for those who rely on a friend or relative’s account to enjoy watching Disney+, which offers all the company’s films and series, including much-loved cartoons and…

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